$ETH on the daily timeframe is trading inside a well-defined triangle, a classic compression structure that usually precedes a strong directional move. After the sharp drop from the highs, price has stopped trending and is now printing lower highs + higher lows, showing balance between buyers and sellers.

Right now, price is sitting near the upper half of the triangle, which slightly tilts the bias toward an upside resolution, but confirmation is everything.

🔍 Breakout scenarios

Bullish breakout: A daily close and hold above 3,300–3,350 can trigger expansion toward 3,600 → 3,900 → 4,200 (range-measured move)

Bearish breakdown: Loss of 2,900–2,850 support opens the door to 2,600 → 2,400 zones

No chasing inside the triangle — let price choose direction, then follow with controlled risk.